Sky plans Osero upgrade: connecting Ethereum and Base liquid
A proposal on the Sky ecosystem forum shows that the Sky protocol plans to implement seven adjustments in the November 19 Osero Spell, connecting the Osero liquidity layer on Ethereum mainnet and Base, enabling cross-chain USDC transfers through Circle CCTP, and integrating the Gauntlet-managed Osero x Gauntlet USDC Prime Vault (Morpho Vault V2) on Base. The two sources are consistent on the core facts, differing only in the timestamps of publication.
Event Timeline
- [11-05 14:22] Sky plans to connect the Ethereum and Base liquidity layers through an Osero upgrade and integrate a Gauntlet USDC vault (Odaily Planet Daily)
- [11-05 16:12] Sky plans to connect the Ethereum and Base liquidity layers through an Osero upgrade and integrate a Gauntlet USDC vault (PANews)
Background and Impact
On November 5, 2026, Odaily Planet Daily and PANews successively cited a proposal from the Sky ecosystem forum and reported that the Sky protocol plans to implement multiple adjustments in the November 19 Osero Spell. The core content is to connect the Osero liquidity layer on Ethereum mainnet and Base and to enable cross-chain USDC transfers through Circle's Cross-Chain Transfer Protocol (CCTP). Both reports use expressions such as "proposed" and "plans," indicating that the matter is currently at the forum proposal and Spell scheduling stage and is not an on-chain change that has already taken effect.
According to the proposal, the adjustments involve a total of seven items on Ethereum mainnet and Base, including enabling CCTP functionality on both chains, configuring cross-chain USDC transfer limits, setting up a permission management mechanism on the Base side, and integrating the USDC vault. On the Base side, it plans to integrate the Gauntlet-managed Osero x Gauntlet USDC Prime Vault (Morpho Vault V2), with an initial allocation of USDC funds. That is, the proposal simultaneously covers enabling the cross-chain channel, parameter settings at the limit and permission levels, and the allocation target for USDC funds on the Base side; all three are handled in the same Spell.
The two sources are consistent in their core facts but differ in their time labels: the Odaily article is labeled 2026-11-05 14:22, while the PANews article is labeled 2026-11-05 16:12, although its body text says "November 6 news." This discrepancy is a matter of publication time labeling; the materials do not explain the specific reason, nor can it be used to determine the actual progress point of the proposal discussion.
For fund flows between Ethereum and Base, if the proposal is implemented as scheduled in the November 19 Osero Spell, transfers of USDC between the two networks will be handled by CCTP and constrained by cross-chain transfer limits and the Base-side permission management mechanism; after the Gauntlet-managed vault is integrated, the initially allocated USDC funds also have a clear destination on Base. It should be emphasized that the above are all plans at the proposal level; whether they